EX-99.1 2 ex99-1.txt SEABOARD CORPORATION PRESS RELEASE Exhibit 99.1 PRESS RELEASE REPORT OF EARNINGS November 8, 2011 Shawnee Mission, Kansas The following is a report of earnings for Seaboard Corporation (NYSE Amex symbol: SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas 66202, (the "Company"), for the three and nine months ended October 1, 2011 and October 2, 2010, in thousands of dollars except share and per share amounts. Three Months Ended Nine Months Ended October 1, October 2, October 1, October 2, 2011 2010 2011 2010 Net sales $1,476,718 $1,111,813 $4,343,484 $3,180,552 Net earnings $ 36,560 $ 39,869 $ 266,910 $ 180,251 attributable to Seaboard Net earnings $ 30.07 $ 32.74 $ 219.52 $ 146.93 per common share Average number 1,215,863 1,217,828 1,215,874 1,226,780 of shares outstanding Notes to Report of Earnings: Included in net earnings attributable to Seaboard for the three and nine months ended October 1, 2011 is a gain on sale of power generating facilities in the amount of $1,500,000 and $52,923,000 or $1.23 and $43.53 per share, respectively. There was no tax expense on this transaction. Seaboard Corporation today filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission. Seaboard has provided access to the Quarterly Report on Form 10-Q on its website at http://www.seaboardcorp.com/investor-sec.aspx.